Damus
Open in Damus
Lincoln profile picture
Lincoln
@Lincoln21M

There are no coincidences.

npub1tgpnlr4wqmsc7yvntlvld80c9ampntushm0lgxpethj0k9glz57sllx2k5npub
[email protected]nip05
[email protected]lnurl
Relays (9)
  • wss://nostrelites.org – read & write
  • wss://purplepag.es – read & write
  • wss://relay.damus.io – read & write
  • wss://hello-nostr.glitch.me – read & write
  • wss://relay.varke.eu – read & write
  • wss://wot.nostr.party – read & write
  • wss://relay.primal.net – read & write
  • wss://wot.utxo.one – read & write
  • wss://nostr.inosta.cc – read & write

Recent Notes

Jestopher · 71w
Additionally, there are sufficient bounds for this to be table even if I were interested. Simply because it would not be possible at launch doesn't rule out future developments that would enable some...
 Lincoln profile picture
Lincoln @Lincoln21M
I’ll go out on a limb and say, day 1, this will be the case. Remove any ambiguity. Any wallet that accepts USDT on lightning will be censorable, and there will not be a single wallet which can accept USDT without the company being able to invalidate the tokens.
I understand and appreciate you being dedicated to your company. But I think you spoke with such conviction, stating it was I who was wrong, to now go back and say “I’m here to learn” is a cop-out.
Jestopher · 71w
Day 1 of what? USDT being issued on lightning or a new wallet adopting it? What does it mean to be censorable versus an actual enforcement action mandating censorship? USDT on lightning is live today on speed wallet, but it's a custodial wallet. You could say it's censorable because of its custody...
Jestopher · 71w
I do love betting but I'm just not interested in this as a bet and I'm already dedicating my company to serve related purposes. My main interest in this realm is informing as I learn more.
Jestopher · 72w
You're missing the fact that invalidating the tokens held within a lightning channel is impossible while the channel remains open. There is no possibility to invalidate them without reversing botcoin ...
 Lincoln profile picture
Lincoln @Lincoln21M
So you’re telling me that USDT on lightning will be able to avoid all the current confiscation abilities Tether currently has on other chains? That Tether, the company, will have to honor any USDT tokens exchanged on lightning for actual USD?
Yeah, there’s no way. USDT on lightning will have the same confiscation abilities available to other chains.
Want to put some sats on it? I will bet you 10k sats that any wallet that has USDT abilities on lightning will be censorable. You say it won’t. 10k sats on it.
2
Lincoln · 71w
nostr:nprofile1qqsrjxqeute0zwusetrjp9qeadt5aa7q686wsxr8lsjvg73uuh52yjqpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uq3vamnwvaz7tmjv4kxz7fwd45kcmm49ekx7mp0wm2k4w let’s make it 50k sats. What do you say?
Jestopher · 72w
You're missing the fact that invalidating the tokens held within a lightning channel is impossible while the channel remains open. There is no possibility to invalidate them without reversing botcoin transactions. You can continue to spend and receive lightning transactions in USDT even though Tet...
Jestopher · 72w
You're saying it confidently, but halting a natively issued Taproot Asset in a lightning channel has the censorship resistance of Bitcoin.
 Lincoln profile picture
Lincoln @Lincoln21M
It isn’t about halting the transaction. It’s about what happens when you want that USDT to be worth something when you need to spend it. Tether needs to know where each of their USDT tokens is. You break the law, they can invalidate your tokens. That’s how the system works.
Putting things on Bitcoin doesn’t magically make them un-censorable. Tether is still a centralized company and asset.